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Help me check my work will rate after if correct A business will take out a 5-year loan of $200,000. The interest rate is 10%

Help me check my work
will rate after if correct
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A business will take out a 5-year loan of $200,000. The interest rate is 10% per year and the loan calls for a principal reduction of $40,000 per year. How much interest is paid in the 3rd year? O 13,120.51 O 12,000.00 O 10,600.00 52,000.00 None of the above

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